Paying Creditors by Check
Date: Thu, 03/26/2009 - 16:35
Do you know what a restrictive endorsement is?
I just asked this so I could answer it...
If you are paying a debt in full make sure you put a mini contract in the endorsement area saying something like
"Endorsement of this check signifies that ______ collection agency accepts this as payment in full for account ______"